Over that past few years Greece has found its self borrowing more and more money from foreign nations to full fill its want and needs. The countries political system is quite corrupt and public money is always going missing. After financial crises Greece was very vulnerable to problems because the fact countries economy is so weak, and fact they borrow so much money from banks through selling Greek bonds. Unfortunately the country has put itself into huge debt crisis causing a cut in public workers pay. The European Union has told Greece to do whatever it has to in order to get it's debt under control. What Greece has decided to do is freeze the hiring of public workers, raise the retirement age to 65 years old. Greece unions are notorious for closing down airports, schools, and public transportation. Union workers have said they are willing to accept cuts but that the average worker shouldn't be penalized it is the bankers who have miss handle the situation which they should be. That the upper class should be more heavily taxed and then the average worker, that is the conditions which the unions are willing to accept.Unfortunately for the average worker, they are always the one caring the burden of mistakes of upper class and big banks. We saw this in the U.S when wall street and big banks were bail out, it was the average worker who picked up the burden of rich and powerful mistakes. Even today we see that the big banks and wall street have gone back to its old ways. Greece is in the same situation and unfortunate for the average worker they always will be one burden when comes to money.
How this relates to the recent reading is how we need to increase the production while drecreasing wages. Meaning the Greek goverment wants it's employees to do more while not getting an increase in pay, and telling them they need to worker more before they can retire. The goverment is under valuing the peoples labor, in order to increase the profit they will recieve from there labor. With pay freezes people are expected to work and get paid the same amount of money, with no increase in pay while trying make living. The goverment in return will uses the surplus to help pay for the debt the country has acumulated.